Aker Solutions records €4.4 billion in orders

Aker Solutions posts positive financial results, with order book up 30% on the same period in 2020.|Aker Solutions posts positive financial results, with order book up 30% on the same period in 2020.

Partagez:

Aker Solutions posts a positive financial balance sheet, with an order book up 30% on 2020.
The Norwegian group is winning contract after contract, aiming for 2021 sales of NOK 28 billion, or over 2.6 billion euros.

Aker Solutions: NOK12.2 billion in orders in Q2 2021

The Group’s order book is up 30% in the second quarter compared with the same period last year.
Orders for the quarter totalled no less than NOK 12.2 billion.
The strongest increase in order intake for several years takes the order book to NOK 45.8 billion, or 4.4 billion euros.

Numerous projects in progress

Aker Solutions has signed several contracts, initially for oil and gas projects.
In fact, the group will be working with Petrobras in Brazil, Shell, Equinor and Hasselmus in Norway, and TotalEnergies in West Africa.
But it’s not stopping there, either, and is also developing projects as part of the energy transition.
Together with ScottishPower Renewables, Aker is developing the East Anglia THREE offshore wind project, the contract for which will run until mid-2022.
In addition, the company is deploying an electric fuel installation aimed at reducing the carbon footprint, for Nordic Electrofuel.
This will involve the production of carbon-neutral synthetic fuels, fossil-based substitutes such as hydrogen.

The company is committed to the energy transition

While Aker Solutions intends to maintain its leading position in oil and gas projects, it also plans to develop other activities.
In particular, it is focusing on renewable energies and low-carbon solutions for oil and gas.

“For the future energy mix, we are one of the few subcontractors able to provide complete solutions,” says the CEO of Aker Solutions.

Indeed, orders related to the energy transition accounted for 60% of the total for the second quarter of 2021.
Finally, if Aker is on target, it hopes to achieve sales of around NOK 28 billion for 2021.

Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.
Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.